Reuben, Ltd. acquired an assembly machine at an invoice cost of $286,000 during the current year. The delivery cost was $700, and installation costs amounted to $1,900. The machine required a separate electrical line that cost $1,550 to install. During the installation, a negligent employee damaged an exterior wall attached to the assembly shop. The company paid $1,240 to repair the wall. What is the acquisition cost of the assembly machine? Prepare the journal entries to properly account for the expenditures made, assuming that Reuben paid cash for all expenditures.

What is the acquisition cost of the assembly machine? The acquisition cost of the assembly machine is Prepare the journal entries to properly account for the expenditures made, assuming that Reuben paid cash for all expenditures. (Record debits first, then credits. Exclude explanations from any journal entries.) First, prepare the entry to record the acquisition cost of the assembly machine. Do not record the entry for repair expenses. We will do that in the next step